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Category Archives: Investment

Hilton Continually Expanding in Turkey

Hilton Worldwide, which is already the largest hotel company in Turkey has announced the addition of 3 new hotels in the country, taking Hilton's Turkish operation to over 10,000 rooms in operation and under development according to the release. “Our plan is to continue to grow the portfolio. We have...

Posted on 30 May 2013

Agency upgrade boosts Turkey’s investment appeal, aiding its vision to be a top 10 economy

Turkey has edged closer to achieving its target of becoming one of the world’s top 10 economies by 2023, after it was awarded investment grade rating this month by Moody’s, significantly its second upgrade by one of the world’s three main credit rating agencies within the space of six months. ...

Posted on 23 May 2013

Exchange rate stability makes life more comfortable for Brits in Turkey

Expats who rely on income from the UK have been better off in Turkey than those living in Spain, France or any other Eurozone country, thanks to the Turkish lira being more stable than the Euro since the credit crisis of 2008 – a trend likely to continue in the...

Posted on 22 May 2013

Istanbul Start-Ups Starting to Hot Up

New data from the Istanbul chamber of commerce shows an impressive 18% growth in the first four months of this year. According to the report some 18,185 newly-established companies registered with the Istanbul Chamber of Commerce (ITO)   during the period. Meanwhile business shut-downs were also down by 13.41 percent over...

Posted on 07 May 2013

Istanbul Ranks Top Property Investment 4th Year Running

For those of you who have been living under a rock, Istanbul has been ranked the top city in Europe for commercial property investment for the last 3 years running in PricewaterhouseCooper's report Emerging Trends in European Real Estate in conjunction with the Urban Land Institute. That is to say...

Posted on 04 March 2013

Incredible Growth in Turkish Air Traffic Continues

Turkey is currently one of the strongest and most stable economies in the world. The property market is also performing well with strong and stable growth coming out in all the indices. So more than ever before property investors are sitting up and paying attention to Turkey. Low property prices,...

Posted on 28 February 2013

Turkey Launches First Locally Built Research Ship

Turkey recently launched its first national research ship. Its purpose is to help protect marine ecosystems and enable surveillance and research on a number of undersea related issues. One of these is exploring for oil. The project is significant because it proves Turkey is capable of building such ships, and...

Posted on 21 February 2013

Istanbul’s Ancient City Walls May Be Restored as Tourist Draw

Istanbul's ancient city walls were first built by Constantine the great, and were originally 26 km long, but today just 7 km remain. In the past these walls haven't been adequately maintained, and now need protection quite urgently. It's thought if they were properly restored they could prove to be...

Posted on 14 February 2013

Turkey Implementing $5 Billion Smart Grid Plan

Turkey is planning to spend $5 billion on smart power grids during the next three years in an effort to boost network efficiency, but this plan should also boost ties with the US. It's been predicted that closer cooperation will develop between the Turkish government and energy companies, and the...

Posted on 12 February 2013

Abu Dhabi Owned Company Invests in Turkish Coal Mines

Taqa, an Abu Dhabi owned company has recently signed a coal plant deal with Turkey that could be worth $12 billion. The agreement was signed at the beginning of the month and allows Taqa to develop Turkish coal mines. The company will work in conjunction with the Turkish government owned...

Posted on 17 January 2013